SNS Bank Selects Treasury Management Solution

Dutch retail bank SNS Bank (Utrecht, the Netherlands) has selected SunGard's Ambit Treasury Management solution to help create an integrated, front-to-back approach to its treasury management operations, according to a press release.

SNS will leverage the solution to establish a single platform for treasury across its enterprise, in an effort to improve efficiency, risk management and asset support, SunGard says. The implementation will involve SunGard's hosted Application Service (ASP) model.

"SNS Financial Markets sought a solution that had the capability to grow with us, meeting our business requirements for the next five to ten years in terms of number of deals and product growth," Bob Goedhart, director of operations, SNS Financial Markets, said in the press release. "We also sought to bring a number of separate solutions deployed across our treasury department onto a single platform, helping to improve our end-to-end processing efficiency."